Ceragon Reports Earnings Beat of $0.05, Revenue Misses Estimates

Ceragon recently announced its second-quarter earnings, reporting an earnings per share (EPS) of $0.110, which surpassed the analyst estimate of $0.060 by $0.05. The company’s revenue for the quarter totaled $96.1 million, slightly below the consensus estimate of $96.11 million.

### Guidance

For the fiscal year 2024, Ceragon projects revenue between $385 million and $405 million, compared to the analyst consensus of $394.7 million.

As for its stock performance, Ceragon’s shares closed at $2.48. Over the last three months, the stock has declined by approximately 12.37%, while it has experienced a gain of about 16.43% over the past year.

In terms of earnings revisions, Ceragon had no positive EPS revisions and one negative EPS revision in the last 90 days.

According to available financial assessments, Ceragon is rated as having “good performance” in terms of its financial health.

Stay informed on upcoming earnings reports and related updates.